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The Electronic Local method


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The Electronic Local method

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  #41 (permalink)
Portugal
 
Experience: Beginner
Platform: Ninjatrader, Multicharts
Broker: Amp Futures/Zen-Fire
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EL is providing training on his methodology through this link:

ElectronicLocal Trader Training: Welcome to the Electroniclocal Training Sign-Up Page

Is there anyone interested in this?

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  #42 (permalink)
SE-Asia
 
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Platform: NinjaTrader
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Braulio View Post
EL is providing training on his methodology through this link:

ElectronicLocal Trader Training: Welcome to the Electroniclocal Training Sign-Up Page

Is there anyone interested in this?

Look he finally show the color of the skin, and looks like a snake.

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  #43 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
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Prtester View Post
Look he finally show the color of the skin, and looks like a snake.

I have never found anything of substance on his blog. I've taken a quick look a few times. Everything is so vague. No details. Just rambling. I just skimmed some of the key posts and there is no useful content there at all. I never understood his method or what he does, he never described his setups. I really don't get this guy. Either he doesn't want to share it publicly or he has no method. All this CCI stuff I don't get. I think i've talked more about order flow in my journal than he has.

I sure wouldn't spend $5k on it but I bet he's got a line of takers a mile long. We'll see when the course is over what they thought of it.

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  #44 (permalink)
Portugal
 
Experience: Beginner
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Prtester View Post
Look he finally show the color of the skin, and looks like a snake.

I'm not EL but wish I had his trading skills.


cunparis View Post
I have never found anything of substance on his blog. I've taken a quick look a few times. Everything is so vague. No details. Just rambling. I just skimmed some of the key posts and there is no useful content there at all. I never understood his method or what he does, he never described his setups. I really don't get this guy. Either he doesn't want to share it publicly or he has no method. All this CCI stuff I don't get. I think i've talked more about order flow in my journal than he has.

I sure wouldn't spend $5k on it but I bet he's got a line of takers a mile long. We'll see when the course is over what they thought of it.

You can see one of his setups here:
Electronic Local: Setups or Upsets

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  #45 (permalink)
Paris, France
 
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Braulio View Post
I'm not EL but wish I had his trading skills.



You can see one of his setups here:
Electronic Local: Setups or Upsets

I just read that post. Have you tried it?

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  #46 (permalink)
Portugal
 
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cunparis View Post
I just read that post. Have you tried it?

I'm trying not only that setup in particular but order flow in general with just one chart.
As you might know I also learned a lot from you, I quoted some of your posts on your Market Cycles For Fun & Profit thread.

But I feel more comfortable trading one chart, one timeframe, range bars. I also use Market Profile and the volume ladder when I want to look inside the candle.

Here are my trades made yesterday, 11/06/2010:



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  #47 (permalink)
Paris, France
 
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Braulio View Post
I'm trying not only that setup in particular but order flow in general with just one chart.
As you might know I also learned a lot from you, I quoted some of your posts on your Market Cycles For Fun & Profit thread.

But I feel more comfortable trading one chart, one timeframe, range bars. I also use Market Profile and the volume ladder when I want to look inside the candle.

Here are my trades made yesterday, 11/06/2010:



Whenever I see someone post a "setup" I like to investigate it. See if I can find value in it or if the person just cherry picked a great example. I used to do this a lot but as I got settled in to my methods I lost interest in doing it. I'm just curious if anyone has tried it.

His blog was always weird to me because it was supposed to be about teaching kiki to trade but I didn't find anything useful in the key posts I read that would teach someone anything. But that's just me, maybe others find value in it.

You raise a good point with one chart & one timeframe. I'm currently investigating this myself. Well I need two charts so I can use a volume ladder. The problem with multiple timeframes is there is usually a timeframe that is not in agreement with the others and that makes me second guess myself. Say 2/3 are bearish but the one in between those is bullish. Confusing. However when all timeframes line up it can make a really trade setup. In my charts I have that right now with the daily, 135min, & 15min all signaling bearish cycles. However the 45min is bullish!

So I'm experimenting by trading Eurostoxx & Euro with one tick chart. Wait, my POT indicator has its own chart too cause it needs a fast chart. But that doesn't count because it's time-frame independent (gives same signals on any timeframe).

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  #48 (permalink)
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cunparis View Post
Whenever I see someone post a "setup" I like to investigate it. See if I can find value in it or if the person just cherry picked a great example. I used to do this a lot but as I got settled in to my methods I lost interest in doing it. I'm just curious if anyone has tried it.

His blog was always weird to me because it was supposed to be about teaching kiki to trade but I didn't find anything useful in the key posts I read that would teach someone anything. But that's just me, maybe others find value in it.

You raise a good point with one chart & one timeframe. I'm currently investigating this myself. Well I need two charts so I can use a volume ladder. The problem with multiple timeframes is there is usually a timeframe that is not in agreement with the others and that makes me second guess myself. Say 2/3 are bearish but the one in between those is bullish. Confusing. However when all timeframes line up it can make a really trade setup. In my charts I have that right now with the daily, 135min, & 15min all signaling bearish cycles. However the 45min is bullish!

So I'm experimenting by trading Eurostoxx & Euro with one tick chart. Wait, my POT indicator has its own chart too cause it needs a fast chart. But that doesn't count because it's time-frame independent (gives same signals on any timeframe).

I make an auto system in MD with his "system" a while back, once in a while make good trades, the rest of the days is when he change markets until found good trades in any, hehe. too much red for my taste.

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  #49 (permalink)
manchester
 
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Is anyone signed up for this course? $5K quite alot of cash. Would be interesting peoples experience attending this course

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  #50 (permalink)
Portugal
 
Experience: Beginner
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Broker: Amp Futures/Zen-Fire
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cunparis View Post
Whenever I see someone post a "setup" I like to investigate it. See if I can find value in it or if the person just cherry picked a great example. I used to do this a lot but as I got settled in to my methods I lost interest in doing it. I'm just curious if anyone has tried it.

His blog was always weird to me because it was supposed to be about teaching kiki to trade but I didn't find anything useful in the key posts I read that would teach someone anything. But that's just me, maybe others find value in it.

You raise a good point with one chart & one timeframe. I'm currently investigating this myself. Well I need two charts so I can use a volume ladder. The problem with multiple timeframes is there is usually a timeframe that is not in agreement with the others and that makes me second guess myself. Say 2/3 are bearish but the one in between those is bullish. Confusing. However when all timeframes line up it can make a really trade setup. In my charts I have that right now with the daily, 135min, & 15min all signaling bearish cycles. However the 45min is bullish!

So I'm experimenting by trading Eurostoxx & Euro with one tick chart. Wait, my POT indicator has its own chart too cause it needs a fast chart. But that doesn't count because it's time-frame independent (gives same signals on any timeframe).

I tried your trading style for a while but for me it was too much information to be looking at, too many charts and, like you said, too many "if's". I like the "simple is better" way of doing things and that's why I'm trying EL's setup and I like it.

His blog turned out to be something else than just teaching Kiki, as I believe Kiki reached CP after a few months and EL continues on posting his "business as usual" trades like he did since the beginning. She's a programmer and they are developing an automated trading method so you can also see some posts and trades about this.

About finding anything useful on his posts, he's not hiding anything and everything you need is on the blog. All the setups are there, you just have to put in the work and look at all the charts. I did it, it takes A LOT of your time but I found them. And most important, I made them my own, with my own analysis and by trying them LIVE and SIM.

He believes that to become a trader you have to "put in the work" and that's why he doesn't just give you setup's. But they're all there.

About the charts:
I use an MP chart for context (support/resistance) and another for the ladder (VPOC/order flow), which is my microscope. But I spend most of my time looking at the range bars as they eliminate most of the "noise". I also look at candlestick patterns like the "hanging men" or the "hammer" for price acceptance/rejection.

Here's my Friday trades (nr3 was horrible):

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